Comparative Market Analysis
3/247 Sheridan Street Cairns North QLD 4870
Prepared on 13th August 2021
Tamara West
First National Real Estate Cairns Central and
Suite 1/155 Mulgrave Road CAIRNS CENTRAL QLD 4870 m: 0499 700 985
w: 07 4046 9300
The Proprietor 3/247 Sheridan Street Cairns North QLD 4870
13/8/2021
Dear Property Investor,
It is my pleasure to present you a rental appraisal for 3/247 Sheridan Street, Cairns North.
Careful consideration has been taken to provide you with an appraisal for the property in today’s market conditions.
To establish a market value, I have carefully considered the premises, size, location, along with current market conditions and similar properties recently rented, or currently on the market.
Should you have any questions relating to the information contained within this appraisal, please do not hesitate to contact me on the details below.
If I can be of any further assistance, please do not hesitate to contact me on the details below. I look forward to working with you to achieve your real estate goals.
Yours Sincerely,
Tamara West
First National Real Estate Cairns Central Suite 1/155
Mulgrave Road Cairns, QLD 4870 m: 0499 700 985
Your Home
3/247 Sheridan Street Cairns North QLD 4870
1
1 1 66m
2-
Tamara West
New Client Consultant
M | 0499 700 985 P | 07 4046 9300 [email protected]
Your Property History
6 Aug, 2021
-Listed for sale at Offers over $110,000 23 Sep, 2016
-Sold for $95,000
5 May, 2016
-Listed for sale at BUYER'S IN THE LOW $100'S 25 May, 2012
-Sold for $158,000
13 Dec, 2011
-Listed for rent at $160 / week
15 May, 2010
-Listed for rent at $165 / week
Floor Plan
Comparable Rentals Map
Comparable Rentals
1/248 Sheridan Street Cairns North QLD 4870
40m2 40m2
1 1 1
Listing Price
$235 per week
Listed Date 20-Jul-21 Year Built 1974 Distance 0.1km
DOM 25 days
1
6/248 Sheridan Street Cairns North QLD 4870
40m2 40m2
1 1 1
Listing Price
$235 per week
Listed Date 03-Aug-21 Year Built 1974 Distance 0.1km
DOM 11 days
2
37/259 Sheridan Street Cairns North QLD 4870
42m2 42m2
1 1 -
Listing Price
$250 per week
Listed Date 19-Apr-21 Year Built 1977 Distance 0.15km
DOM 3 days
3
7/28 Digger Street Cairns North QLD 4870
59m2 -
1 1 1
Listing Price
$240 per week
Listed Date 30-Apr-21 Year Built 1970 Distance 0.25km
DOM 7 days
4
7/189 Sheridan Street Cairns North QLD 4870
280m2 278m21 1 -
Listing Price
$230 per week
Listed Date 12-May-21 Year Built 1970 Distance 0.56km
DOM 29 days
5
DOM = Days on market
Comparable Rentals
18/4-5 Hollett Close Manunda QLD 4870
59m2 59m2
1 1 1
Listing Price
$230 per week
Listed Date 19-Apr-21 Year Built 1995 Distance 0.62km
DOM 18 days
6
17/4-5 Hollett Close Manunda QLD 4870
59m2 59m2
1 1 1
Listing Price
$250 per week
Listed Date 11-Feb-21 Year Built 1995 Distance 0.65km
DOM 12 days
7
2/178 Martyn Street Manunda QLD 4870
44m2 44m2
1 1 1
Listing Price
$250 per week
Listed Date 24-Jun-21 Year Built 1983 Distance 0.68km
DOM 7 days
8
DOM = Days on market
Cairns North
Demographic
Suburb Insights
5.2 k
Population
17%
5 years population change
9.4 years
Average length of ownership
HOUSEHOLD STRUCTURE HOUSEHOLD OCCUPANCY HOUSEHOLD INCOME AGE
TYPE % TYPE % TYPE % TYPE %
Childless Couples 49.1 Owns Outright 12.8 0-15.6K 6.6 0-9 8.1
Couples with Children 27.2 Purchaser 16.4 15.6-33.8K 16.5 10-19 7.6
Single Parents 21.1 Renting 66.8 33.8-52K 16.5 20-29 22.7
Other 2.5 Other 0.6 52-78K 18.0 30-39 18.3
Not Stated 3.5 78-130K 21.9 40-49 15.0
130-182K 7.1 50-59 13.7
182K+ 4.8 60-69 8.9
70-79 4.2
80-89 1.3
0.1 90-99
The size of Cairns North is approximately 2.9 square kilometres. It has 8 parks covering nearly 8.4% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016. Currently the median sales price of houses in the area is $405,000.
Local Schools
SCHOOL ADDRESS DISTANCE SCHOOL TYPE GENDER SECTOR YEARS
Cairns State High School 156 Sheridan Street Cairns North QLD 4870
0.78km Secondary Mixed Government 7-12
St Monica's College
183 Abbott Street Cairns City QLD 4870
1.3km Secondary - Non-Government 7-12
Woree SHS - SchoolTech Campus
14-42 Eureka Street Manunda QLD 4870
1.46km Secondary Mixed Non-Government 0-0
Parramatta State School 128-134 Mulgrave Road Parramatta Park QLD 4870
1.47km Primary Mixed Government 0-6
Mother of Good Counsel School
394 Sheridan Street Cairns North QLD 4870
1.48km Primary Mixed Non-Government 0-6
Property is within school catchment area Property is outside school catchment area
Recent Market Trends
PERIOD ASKING RENT CHANGE GROSS RENTAL YIELD RENTAL OBSERVATIONS
Apr 2021 $355 0.7% 8% 575
Mar 2021 $352 0.7% 8% 570
Feb 2021 $350 0.0% 8% 597
Jan 2021 $350 0.0% 8% 607
Dec 2020 $350 0.0% 8% 605
Nov 2020 $350 0.0% 8% 598
Oct 2020 $350 0.0% 7.9% 571
Sep 2020 $350 0.0% 7.8% 558
Aug 2020 $350 0.0% 7.7% 541
Jul 2020 $350 0.0% 7.7% 550
Jun 2020 $350 0.0% 7.7% 553
May 2020 $350 0.0% 7.6% 541
Long Term Market Trends
PERIOD ASKING RENT CHANGE GROSS RENTAL YIELD RENTAL OBSERVATIONS
2021 $360 2.9% 7.9% 550
2020 $350 1.4% 7.7% 553
2019 $345 4.5% 7.5% 474
2018 $330 0.0% 7.4% 512
2017 $330 3.1% 7.4% 574
2016 $320 1.6% 7% 654
2015 $315 1.6% 7.3% 496
2014 $310 10.7% 7.2% 420
2013 $280 7.7% 7.2% 418
2012 $260 - 6.3% 438
Summary
3/247 Sheridan Street Cairns North QLD 4870
Appraisal price range
$235 - $255 per week
Disclaimer
Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2021. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws; more information at
www.propertydatacodeofconduct.com.au
The Appraisal Amount contained in the report may have been manually provided by the Agent; or may be based on an automated valuation model estimate provided by CoreLogic ('AVM Estimated Value'). AVM Estimated Values are current at the date of the publication only. It is computer generated and is not a professional appraisal of the subject property and should not be relied upon in lieu of appropriate professional advice. The accuracy of the methodology used to develop the AVM Estimated Value, the existence of the subject property, and the accuracy of the AVM Estimated Value and all rule sets provided are estimates based on available data and are not guaranteed or warranted. CoreLogic excludes all liability for any loss or damage arising in connection with the Appraisal Amount and/or AVM Estimated Value.
Product Data licensed by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see
www.corelogic.com.au/aboutus/thirdpartyrestrictions.html
All information relating to Schools provided by CoreLogic is as a courtesy only. CoreLogic does not make any representations regarding the accuracy or completeness of the data. You should contact the School directly to verify this information.
A floor plan of a property is indicative only and may not be complete or accurate. Any floor plan that is produced is not intended or designed to replace the certificate of title or land survey.
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.
